In the next edition of the Small Business Administration New Mexico District Office’s newsletter we will put a special focus on the small business impacts of the Affordable Care Act. We are only 3 months away from when New Mexico small businesses should be able to start signing up with the New Mexico Healthcare Exchange with coverage starting for their employees on the first of January, 2014. I do want to give a preview of what we will have in the September edition and some of the resources that are available now.
The U.S. Small Business Administration’s health care web page, www.sba.gov/healthcare, is dedicated to educating small business owners about the Affordable Care Act. This site will serve as a gateway for small business owners connecting them with information provided by SBA’s federal partners responsible for implementing the law, including the U.S. Department of Health and Human Services.
www.Healthcare.gov is a web portal maintained by the U.S. Department of Health and Human Services. The small business site includes information about the new health insurance Marketplaces, coverage options, and more. Businesses can stay connected to the latest information on the Marketplaces by signing up for text and email alerts at https://www.healthcare.gov/subscribe.
For a Glossary of key terms under the Affordable Care Act, go to http://www.healthcare.gov/glossary.
In addition to those resources, the IRS website http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions includes summaries of tax-related ACA provisions, FAQs, and eligibility worksheets.
I hope you will take advantage of those resources and all the other information we will include in the September newsletter to learn about how the Affordable Care Act will work and how it will benefit your business and your employees.